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Macom Technology Bullish Moving Average Crossover Alert (MTSI)

By Nick Russo

Macom Technology (NASDAQ:MTSI) crossed over its 10-day moving average of $22.85 on a volume of 103K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Macom Technology have traded between a low of $15.46 and a high of $65.99 and are now at $23.08, which is 49% above that low price. Over the past week, the 200-day moving average (MA) has gone down 3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Macom Technology on May 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.16. Since that recommendation, shares of Macom Technology have risen 7.0%. We continue to monitor MTSI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses macom technology

Ticker(s): MTSI